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A careful UK guide to input VAT on ASIC miners, electricity, hosting and repairs, including mining rewards, taxable supplies and apportionment.
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UK Crypto Tax Rates and Allowances for 2026/27
Check the official 2026/27 UK Capital Gains Tax rates and annual exempt amount, plus how crypto income and mining rewards interact with tax bands.
There is no standalone crypto tax rate. The applicable treatment depends on whether an amount is income, trading profit or a chargeable gain and on the taxpayer's wider position.
TL;DR
- There is no standalone crypto tax rate. The applicable treatment depends on whether an amount is income, trading profit or a chargeable gain and on the taxpayer's wider position.
- Keep contemporaneous GBP valuations and evidence for income, acquisitions and disposals.
- Use current HMRC guidance and obtain qualified advice for the facts of your operation.
Capital Gains Tax rates
For 2026/27, gains on assets other than residential property are charged at 18% to the extent they fall within the unused basic-rate band and 24% above it. The individual annual exempt amount is £3,000. Losses and reliefs can change the taxable amount.
Income from mining, staking and airdrops
Rewards that are income are added to other taxable income and use the applicable Income Tax bands. Trading cases can also engage National Insurance for individuals. A token's later disposal is a separate calculation.
Companies and business activity
A company normally accounts for mining profits and chargeable gains within Corporation Tax. VAT, capital allowances and employment taxes are separate questions. The company should use its accounts and obtain advice rather than applying individual allowances.
Why online rate tables go wrong
Rates, allowances and reporting rules change, and an article can show an old percentage while carrying a new year in its title. Check the official rate table for the relevant tax year and the transaction date. Keep the evidence used for every computation.
Example without assuming your band
If an individual realises net gains above the £3,000 annual exempt amount, part may fall at 18% and part at 24% depending on taxable income and the remaining basic-rate band. This is why a flat percentage cannot be applied safely without the complete tax position.
Useful next steps
Authoritative references
Use current official guidance because tax rules and HMRC guidance can change.
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